The fund-raising exercise, if successful, would push Ola's valuation to over $4 billion
Many a times the founders may not be the best person to lead the company through all its stages.
The board's decisions follow a series of public-relations crises for Uber. The company faces a criminal probe related to a technology it created called Greyball that was used to deceive regulators in cities where it was operating.
It was also reported that Uber's CEO, Travis Kalanick, and the senior Vice President Emil Michael also went through the report and were in disbelief whether a rape could have happened.
In February, Susan Fowler, a female former engineer at Uber, said in a blog post that managers and human resources officers at the company had not punished her manager after she reported his unwanted sexual advances, and even threatened her with a poor performance review.
Separately, Ola is also in negotiations to raise $200 million from a series of investors
Taking both predatory capitalism and the rise of Trumpism into account, there is definitely a case for limited protection to startups like Flipkart and Ola
The new Uber app gets a complete design overhaul and is expected to take users back to its humble beginnings with a modern twist.
If it really cares about the customer, why is Uber shying away from a maximum fare restriction
Uber also said the stringent rules recommended by the government can threaten the livelihood of thousands of drivers because the new, higher permit fees are prohibitively expensive for them
Ola's deep-pocketed US rival Uber, which sold off its China business in August, is now pumping in investments and focussing on ramping up its presence in the Indian market
The highest reduction has been done in Mumbai and Bengaluru, where the fare has been revised to about Rs 3 per km
In the past couple of years, the auto industry has been changing, and for good. As the good old autorickshaw completes 60 years since it was founded, we speak to Anand Subramanian, Senior Director, PR and Communications, and Sandeep Sahni, VP of New Initiatives, who tell us the Ola Auto story.
Ola Cabs on Monday submitted in the Karnataka High Court that it has complied with all requirements of government rules for its operations
Surge pricing, where fares are raised when demand is higher than the number of available cabs, has been a topic of discussion for sometime now.
While fares have been slashed by 9 percent in cities like Indore and Nagpur, the same has been cut by 22 percent in Jodhpur and Udaipur for its affordable service, uberGO
Delhi HC sought response of company which runs Ola cab service, on its competitor Uber's plea seeking damages from Ola for allegedly interfering in business
All loans will be covered under the government's Pradhan Mantri Mudra Yojana Scheme